Wendy's 2009 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2009 Wendy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 166

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166

Item 8. Financial Statements and Supplementary Data.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page
Glossary of Defined Terms .................................................................... 67
Report of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Consolidated Balance Sheets as of January 3, 2010 and December 28, 2008 . . . . . . . . . . . . . . . . . . . . . . . . 71
Consolidated Statements of Operations for the years ended January 3, 2010, December 28, 2008
and December 30, 2007..................................................................... 72
Consolidated Statements of Stockholders’ Equity for the years ended January 3, 2010,
December 28, 2008 and December 30, 2007.................................................. 73
Consolidated Statements of Cash Flows for the years ended January 3, 2010, December 28, 2008
and December 30, 2007..................................................................... 76
Notes to Consolidated Financial Statements ..................................................... 78
(1) Summary of Significant Accounting Policies........................................... 78
(2) Acquisitions and Dispositions........................................................ 84
(3) DFR Notes......................................................................... 88
(4) Income (Loss) Per Share ............................................................. 89
(5) Balance Sheet Detail ................................................................ 90
(6) Investments ........................................................................ 93
(7) Goodwill and Other Intangible Assets ................................................ 97
(8) Long-Term Debt.................................................................... 98
(9) Derivative Instruments .............................................................. 101
(10) Fair Value of Financial Instruments................................................... 103
(11) Income Taxes....................................................................... 105
(12) Stockholders’ Equity................................................................. 109
(13) Share-Based Compensation........................................................... 110
(14) Facilities Relocation and Corporate Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114
(15) Impairment of Other Long-Lived Assets............................................... 117
(16) Investment (Expense) Income, Net.................................................... 118
(17) Other Than Temporary Losses on Investments......................................... 118
(18) Discontinued Operations............................................................. 118
(19) Retirement Benefit Plans ............................................................ 119
(20) Lease Commitments................................................................. 120
(21) Guarantees and Other Commitments and Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
(22) Transactions with Related Parties..................................................... 123
(23) Legal and Environmental Matters..................................................... 129
(24) Advertising Costs and Funds......................................................... 129
(25) Business Segments .................................................................. 130
(26) Quarterly Financial Information (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133
66